Streetbeat News

Earnings

ABBV

Abbvie has updated its Q3 2023 guidance for adjusted diluted earnings per share (EPS) to a range of $2.76-$2.86, including the impact of acquired IPR&D and milestones expense. This is lower than the estimated $2.88.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:16 pm

ABBV

AbbVie has reported its GAAP earnings for Q3, which are expected to include an acquired IPR&D and milestones expense of $66M on a pre-tax basis, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:15 pm

ACCD

Accolade has provided its Q3 and FY24 revenue guidance. For Q3, it expects revenue between $95M and $97M, and for FY24, it expects revenue between $410M and $414M. The company also expects a negative Adjusted EBITDA for both periods.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:11 pm

ACCD

Accolade reported its Q2 earnings per share (EPS) at $(0.43), beating the estimate. The company also reported sales of $96.90M, surpassing the estimated $94.09M.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:10 pm

ESGL

ESGL has revised its FY23 revenue guidance down from $10.95M to a range of $6.5M-$8.5M. The company also adjusted its non-GAAP EBITDA forecast to between $1.3M and $1.6M, down from the previously anticipated $2.9M. The changes are due to geopolitical tensions and lower-than-expected proceeds from the public listing, which delayed expansion plans.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:09 pm

ESGL

ESGL Holdings Limited has reported its first half 2023 results, with revenues increasing by 14.1% to $3.4M. As of June 30, 2023, the company had $1.2M in total cash and equivalents.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 8:08 pm

MXCT

MaxCyte's preliminary Q3 total revenue is expected to be between $7.8M and $8M, marking a 27% YoY decrease. The company attributes this decline to continued reduced customer activity in the sector.

Portfolio Pulse from Bill Haddad

October 04, 2023 | 8:06 pm

RGP

Resources Connection (NASDAQ:RGP) reported Q1 earnings of $0.20 per share, missing the analyst consensus estimate of $0.23 by 13.04%. This is a 66.67% decrease from the same period last year. However, the company beat the sales estimate of $170.14M with reported sales of $170.17M, a decrease of 16.61% from last year.

Portfolio Pulse from Happy Mohamed

October 04, 2023 | 8:06 pm

CCL

Carnival Corporation's (NYSE:CCL) shares are trading higher, showing a slight rebound after a recent downtrend. The stock has been down 31.9% over the past three months due to the COVID wave causing volatility in the sector. The stock fell further after the company reported third-quarter financial results and issued guidance on Sept 29. Morgan Stanley analyst Jamie Rollo maintained Carnival with an Underweight and lowered the price target from $11.50 to $11. However, shares of Carnival recovered by almost 4% on Wednesday.

Portfolio Pulse from Ryan Gustafson

October 04, 2023 | 7:29 pm

DAL

BofA Securities analyst Andrew G. Didora reiterated a Buy rating on Delta Air Lines Inc (DAL) with a price target of $50. The analyst expects no surprises in the upcoming 3Q23 earnings report due to the company's mid-September update. However, he sees a decrease in 4Q23 EPS to $1.00 from $1.09 due to cost pressures. The analyst also forecasts a 9.3% revenue growth in 4Q23 and believes DAL could guide to revenue growth of 8-11%. The 2023E EPS has been revised to $5.85 from $5.88, below the company's guided range of $6 - $7.

Portfolio Pulse from Shivani Kumaresan

October 04, 2023 | 7:24 pm